There are many mistakes often made by beginner traders in the market. If traders can keep them in their mind, you can be sure that your trading will be more fruitful.
Not learning enough
Chasing returns
Emotional attachments with a stock or company
Buying based on recommendations
Not aware of...
It is not necessary that you should have a mentor to learn stock trading. There are many free resources. Research and study from good books and video lessons. And be active on these forums. They are quite helpful. Good luck!
The gold rate has been on the low for a while now, considering how all the other sectors are rising, maybe hold off on investing in gold now and wait for the market to shift again.
I think you will be able to learn a lot of things in one year if you try. The learning curve is different for everyone but 1 year can be enough time to learn if you used it wisely. Wishing you a successful journey ahead!
If I was in your place I would just start investing whatever little I can without selling my business. See, you don’t need to put all your wealth in one place. Mutual funds are all about diversification and you should have enough diversification in personal investments as well.
Being a long term investor is a great way to start your stock market journey. Just focus on learning at the moment and slowly expand your investments when you gain more experience. I would suggest you read some good books as well. You can start reading ‘How to make money with intraday trading’...
The market will go through changes, that’s normal. If you do some research, you may know that reliance is a great long term stock. I suggest don’t sell and hold.
Great tips! All beginners need to keep this in mind. Money management is extremely important if you want to make the most out of your journey in the market and pull profit.